Question
The Competition Commission of India (CCI) approves the
proposed combination involving the acquisition by Housing Development Finance Corporation Limited (HDFC Limited) of about ____ shareholding of HDFC ERGO General Insurance Company Limited (HDFC ERGO).Solution
 The Competition Commission of India (CCI) approves the proposed combination involving the acquisition by Housing Development Finance Corporation Limited (HDFC Limited) of certain additional shareholding of HDFC ERGO General Insurance Company Limited (HDFC ERGO). The proposed combination pertains to the acquisition by HDFC Limited of certain additional shareholding of HDFC ERGO on a spot delivery basis (the Proposed Transaction) such that HDFC Limited (after the Proposed Transaction) and the surviving amalgamated entity i.e. HDFC Bank Limited (HDFC Bank) will hold over 50% of the shareholding of HDFC ERGO in compliance with Indian banking laws.
A firm’s EBIT is ₹5,00,000, interest expense is ₹1,00,000. What is the Degree of Financial Leverage (DFL)?
"Window Dressing" in accounting refers to:
The difference between the total debits and total credits of an account is called:
The law of demand states that, other things being equal:
Prepaid Rent appearing in the Trial Balance is treated as:
Which accounting principle/concept states that revenue should be recognized when it is earned, regardless of when cash is received?
The "Matching Principle" requires that:
The primary objective of financial accounting is to:
Goodwill is a/an:
If an asset is purchased for ₹1,00,000 with a residual value of ₹10,000 and a life of 9 years, the annual depreciation under the Straight Line Metho...
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